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Reply to "HHI to send 2 kids to private w/o FA?"
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[quote=Anonymous]I agree with the $500 K for two. This may seem like a lot if you look at it as a one time expense, but tuition will only go up, and possibly more than your earnings, so if you in for the the long haul plus college, I'd say 500 K is about right. When our youngest was in K we made half of that - and we sent both kids to public for elementary. I was very happy with the education they received, but have been happy to make the sacrifice for middle school, and plan to continue private through HS if we are able to sustain this income level. Our mortgage is slightly less than $3,000 but we are also helping out my mother-in-law in various ways which were unexpected. You never know what life will bring your way, so I'd say a little padding, whether for life brings your way, or for the future, is well worth the security. I would never want to place my kids in the position that we are in.....but living above your means for an extended period of time would do just that. Just another thing to consider.[/quote]
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